Question 1

How does a construction loan work in Lincoln?

Accepted Answer

You borrow against the projected completed value of the home. Funds are released in draws as your builder hits construction milestones.

Question 2

Do I need to own the land first?

Accepted Answer

Not always. Some lenders roll land purchase into the construction loan. Others require you to own the lot free and clear before closing.

Question 3

What credit score do I need?

Accepted Answer

Most construction lenders in Placer County want 680 or higher. Below that, your options narrow and your rate goes up.

Question 4

Can I use my own builder in Lincoln?

Accepted Answer

Yes, but the builder must be licensed and approved by your lender. Some lenders maintain approved builder lists — we know which ones are flexible.

Question 5

How long does a construction loan last?

Accepted Answer

Typically 12 months. Extensions are possible but cost money. Make sure your build timeline is realistic before you close.

Question 6

What is a one-time close construction loan?

Accepted Answer

It combines your construction and permanent mortgage into one loan closing. You lock your rate once and avoid a second round of closing costs.

Construction Loans in Lincoln, CA — Build What You Want